Nigel Farage Backs Bitcoin Treasury Firm Chaired By Former Chancellor
Nigel Farage, Reform UK leader, has invested in Stack BTC Plc, a Bitcoin treasury-focused firm, as part of a £260,000 fundraising round alongside Blockchain.com. Stack BTC (formerly Kasei Digital Assets) intends to acquire companies and invest their profits into its treasury, launching with 21 BTC (approximately $1.45 million). Blockchain.com will provide institutional services like custody and staking. Reform UK was the first major UK political party to accept crypto donations in June 2025, but faced criticism from lawmakers and advocacy groups over concerns of money laundering and foreign interference. The party has not disclosed any large crypto donations, and its donation page is non-functional. In late 2025, Reform UK accepted an $11.4 million (non-crypto) donation from Christopher Harborne, sparking calls for investigation. Multiple MPs and advocacy groups have urged for a ban on crypto political donations, citing regulatory and transparency challenges. Farage has close industry ties, earning significant sums for speaking at crypto events. Stack BTC’s executive chairman is former UK Chancellor Kwasi Kwarteng, despite previous political disagreements with Farage and Reform UK.
